BIMobject AB (OSTO:BIM)

kr 4.19 -0.01 (-0.24%) Market Cap: 597.50 Mil Enterprise Value: 383.46 Mil PE Ratio: 0 PB Ratio: 3.05 GF Score: 67/100

Q2 2020 Bimobject AB Earnings Call Transcript

Jul 30, 2020 / 12:00PM GMT

Release Date Price: kr14.5 (-9.38%)

Transcript

Carl Silbersky

BIMobject AB - CEO

Thank you very much, operator. Warm welcome to our Q2 2020 financial report audiocast here at BIMobject. My name is Carl Silbersky, as has been said, and I'm the CEO of the company. I will walk you through some of the highlights and focus of the Q2 and followed by some financial walkthrough by Alexander Dahlquist, our CFO.

Okay, operator, next slide, please. Okay. So next slide, please. And we will have the key highlights on Q2 in numbers. So operator.

So key highlights Q2 in the numbers. We crossed 2 million users in the user mark. It took us approximately seven years to build from 0 to 1 million registered users on the platform. And it took us approximately 18 months to go from 1 million to 2 million. Today, we are undisputed the largest BIM object platform everywhere across the world. So huge celebration that we crossed 2 million registered user mark.

Secondly, what's worth highlighting is that costs in the period is down 29%. And that means that the costs are down SEK20 million in the Q2. We continue to shrink the cost base and we're

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